Apple’s push downmarket with its lower-cost iPhone 5C has yet to bear fruit
after reports emerged that it has slashed production of the new model.

The Wall Street Journal has reported that both Pegatron and Hon
Hai Precision Industry, the Taiwanese companies that assemble Apple’s
smartphones, have reined back production of the 5C by between a fifth and a
third.

Another components supplier said that orders related to the handset had been
halved.

Such reports from the supply chain have raised concerns that the new version
of the iPhone could be a flop, with cuts to supply for the fourth quarter
suggesting